Net Investments in Properties (Tables)

12 Months Ended

Dec. 31, 2016

Real Estate [Abstract]

Net Investments in Real Estate Properties

Below is a summary of our Operating real estate (in thousands): 

	December 31,
	2016			2015
Land	$	6,041		$	6,578
Buildings	75,670			76,171
Less: Accumulated depreciation	(12,143		)	(8,794		)
	$	69,568		$	73,955

Real estate, which consists of land and buildings leased to others, at cost, and which are subject to operating leases, and real estate under construction, is summarized as follows (in thousands):

	December 31,
	2016			2015
Land	$	1,128,933		$	1,160,567
Buildings	4,053,334			4,147,644
Real estate under construction	21,859			1,714
Less: Accumulated depreciation	(472,294		)	(372,735		)
	$	4,731,832		$	4,937,190

Schedule of Future Minimum Rents

Scheduled future minimum rents, exclusive of renewals, expenses paid by tenants, percentage of sales rents, and future CPI-based adjustments, under non-cancelable operating leases at December 31, 2016 are as follows (in thousands): 

Years Ending December 31,	Total
2017	$	585,799
2018	575,925
2019	565,614
2020	533,916
2021	506,875
Thereafter	3,401,847
Total	$	6,169,976

Disclosure of Long Lived Assets Held-for-sale

Below is a summary of our properties held for sale (in thousands):

	December 31,
	2016		2015
Net investments in direct financing leases	$	26,247	$	—
Real estate, net	—		59,046
Assets held for sale	$	26,247	$	59,046